CELO - CELO/USDT - Daily - Technical analysis published on 04/05/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 4.45 USDT
My targets
5.47 USDT (+12.32%)
5.61 USDT (+15.20%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CELO - CELO/USDT. This is a positive signal for buyers. As long as the price remains above 4.45 USDT, a purchase could be considered. The first bullish objective is located at 5.47 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.61 USDT as an objective. Crossing it would then enable buyers to target 6.63 USDT. In the event of a return below 4.45 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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Additional analysis
Quotes
CELO - CELO/USDT rating 4.87 USDT. The price registered a decrease of -0.61% on the session with the lowest point at 4.69 USDT and the highest point at 5.21 USDT. The deviation from the price is +3.84% for the low point and -6.53% for the high point.4.69
5.21
4.87
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of CELO - CELO/USDT in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.03 | 3.45 | 4.45 | 4.87 | 5.61 | 6.63 | 7.25 |
| Change (%) | -37.78% | -29.16% | -8.62% | - | +15.20% | +36.14% | +48.87% |
| Change | -1.84 | -1.42 | -0.42 | - | +0.74 | +1.76 | +2.38 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.83 | 3.25 | 4.07 | 4.49 | 5.31 | 5.73 | 6.55 |
| Camarilla | 4.56 | 4.67 | 4.79 | 4.90 | 5.01 | 5.13 | 5.24 |
| Woodie | 3.04 | 3.35 | 4.28 | 4.59 | 5.52 | 5.83 | 6.76 |
| Fibonacci | 3.25 | 3.72 | 4.01 | 4.49 | 4.96 | 5.25 | 5.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.37 | 2.73 | 3.09 | 3.45 | 3.81 | 4.17 | 4.53 |
| Camarilla | 3.26 | 3.33 | 3.39 | 3.46 | 3.53 | 3.59 | 3.66 |
| Woodie | 2.38 | 2.73 | 3.10 | 3.45 | 3.82 | 4.17 | 4.54 |
| Fibonacci | 2.73 | 3.00 | 3.17 | 3.45 | 3.72 | 3.89 | 4.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.03 | 1.70 | 2.51 | 3.18 | 3.99 | 4.66 | 5.47 |
| Camarilla | 2.91 | 3.05 | 3.18 | 3.32 | 3.46 | 3.59 | 3.73 |
| Woodie | 1.10 | 1.74 | 2.58 | 3.22 | 4.06 | 4.70 | 5.54 |
| Fibonacci | 1.70 | 2.27 | 2.62 | 3.18 | 3.75 | 4.10 | 4.66 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 81.64 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 43.04 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.96 | |
| Elder Ray (13): | 1.22 | |
| Super Trend (3,10): | 3.77 | |
| Zig ZAG (10): | 4.85 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 92.10 | |
| TEMA (21): | 4.28 | |
| Williams %R (14): | -15.89 | |
| Chande Momentum Oscillator (20): | 1.73 | |
| Repulse (5,40,3): | 23.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1300 | |
| Courbe Coppock: | 70.03 |
| MA7: | 3.89 | |
| MA20: | 3.37 | |
| MA50: | 2.92 | |
| MA100: | 3.45 | |
| MAexp7: | 4.08 | |
| MAexp20: | 3.51 | |
| MAexp50: | 3.24 | |
| MAexp100: | 3.44 | |
| Price / MA7: | +25.19% | |
| Price / MA20: | +44.51% | |
| Price / MA50: | +66.78% | |
| Price / MA100: | +41.16% | |
| Price / MAexp7: | +19.36% | |
| Price / MAexp20: | +38.75% | |
| Price / MAexp50: | +50.31% | |
| Price / MAexp100: | +41.57% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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